The second quarter began with a rise in bankruptcy filings.
According to data provided by Epiq Systems, the American Bankruptcy Institute (ABI) reported on Monday that total U.S. bankruptcy filings increased in April by 2% year-over-year. Officials tabulated that bankruptcy filings totaled 71,260 in April, up from the... Read More

For years, independent and buy-here, pay-here dealerships did business with customers who might work multiple jobs or use their income tax return as funds to put toward a down payment. New ways are arriving for those operators to still do business with those individuals even if one of their sources of income disappeared or... Read More

Tricolor is looking to a high-level Equifax executive to provide guidance and leadership.
The used-vehicle retailer focusing on the integrated sale and financing of vehicles to Hispanic consumers on Tuesday announced the addition of veteran Equifax and financial services executive Dann Adams to its board of directors.... Read More

AGORA bolstered its executive team this week with a pair of new additions.
The Texas-based provider of technology solutions for the financial services industry announced Jim Bass has joined the management team as the senior vice president of finance and Zach Maynard as the senior vice president of... Read More

Partnerships continued to develop in the buy-here, pay-here dealership space on Tuesday; this time involving Frazer Computing and SpinCar.
The providers of dealer management software (DMS) for independent stores and digital automotive merchandising software announced a partnership that brings the opportunity for... Read More

Textmaxx Pro chief executive officer Chris Leedom told Tech Tank competition audience members during the 2019 Digital Dealer 26 Conference and Expo that 88 percent of all business calls go unanswered on the first try.
Evidently that circumstance was well understood by the show attendees who voted the Sarasota,... Read More

For the third time already this year, PassTime is integrating with another technology provider to help buy-here, pay-here dealerships and subprime auto finance companies.
This week, PassTime and BlytzPay announced an integration partnership. PassTime — a solutions company that provides automotive GPS devices... Read More

A large percentage of independent buy-here, pay-here dealerships are primarily funded by a line of credit from a bank. For the most part, these arrangements have worked out well for both parties, but there appears to be a growing problem with the BHPH model as well as other independent subprime auto finance companies.... Read More